Sale, Transfer or Assignment of Kyäni Business. Although a Kyäni business is a privately owned, independently operated business, the sale, transfer or assignment of a Kyäni business is subject to certain limitations. If a Business Partner wishes to sell/transfer his or her Kyäni business, the following criteria must be met: 1. Protection of the existing line of sponsorship must always be maintained so that the Kyäni business continues to be operated in that line of sponsorship. 2. There will be an Administrative Fee of $250 for all transactions. 3. Before the sale, transfer or assignment can be finalized and approved by Xxxxx, any debt obligations the selling Business Partner has with Xxxxx must be satisfied. 4. The selling Business Partner must be in good standing and not in violation of any of the terms of the Agreement in order to be eligible to sell, transfer or assign a Kyäni business. 5. Upon complete execution of the purchase and sale agreement, and the new Independent Business Partner Agreement, the parties must submit copies of the same to Xxxxx's Business Partner Services Department for review and approval. Xxxxx reserves the right to request additional documentation that may be necessary to analyze the transaction between the buyer and seller. Xxxxx's Business Partner Services Department will, in its discretion, approve or deny the sale, transfer or assignment within 30 days after the receipt of all necessary documents from the parties. 6. If the new owner(s) will be a corporation, trust, partnership, or any other type of business entity then the Certificate of Incorporation, Partnership Agreement or trust documents, and the Internal Revenue ServiceSS4 Document are required to be sent to Kyäni before any changes will be considered or approved. 7. Changes of Ownership cannot be used to circumvent rules governing Changes of Genealogy.
Appears in 1 contract
Samples: Policies and Procedures
Sale, Transfer or Assignment of Kyäni Business. Although a Kyäni business is a privately owned, independently operated business, the sale, transfer or assignment of a Kyäni business is subject to certain limitations. If a Business Partner wishes to sell/transfer his or her Kyäni business, the following criteria must be met:
1. Protection of the existing line of sponsorship must always be maintained so that the Kyäni business continues to be operated in that line of sponsorship.
2. There will be an Administrative Fee of $250 for all transactions.
3. Before the sale, transfer or assignment can be finalized and approved by Xxxxx, any debt obligations the selling Business Partner has with Xxxxx must be satisfied.
4. The selling Business Partner must be in good standing and not in violation of any of the terms of the Agreement in order to be eligible to sell, transfer or assign a Kyäni business.
5. Upon complete execution of the purchase and sale agreement, and the new Independent Business Partner Agreement, the parties must submit copies of the same to Xxxxx's Business Partner Services Department for review and approval. Xxxxx Kyäni reserves the right to request additional documentation that may be necessary to analyze the transaction between the buyer and seller. Xxxxx's Business Partner Services Department will, in its discretion, approve or deny the sale, transfer or assignment within 30 days after the receipt of all necessary documents from the parties.transaction
6. If the new owner(s) will be a corporation, trust, partnership, or any other type of business entity then the Certificate of Incorporation, Partnership Agreement or trust documents, and the Internal Revenue ServiceSS4 Document are required to be sent to Kyäni before any changes will be considered or approved.
7. Changes of Ownership cannot be used to circumvent rules governing Changes of Genealogy.
Appears in 1 contract
Samples: Policies and Procedures
Sale, Transfer or Assignment of Kyäni Business. Although a Kyäni business is a privately owned, independently operated business, the sale, transfer or assignment of a Kyäni business is subject to certain limitations. If a Business Partner Distributor wishes to sell/transfer his or her Kyäni business, the following criteria must be met:
1. Protection of the existing line of sponsorship must always be maintained so that the Kyäni business continues to be operated in that line of sponsorship.
2. There will be an Administrative Fee of $250 for all transactions.
3. Before the sale, transfer or assignment can be finalized and approved by Xxxxx, any debt obligations the selling Business Partner Distributor has with Xxxxx must be satisfied.
4. The selling Business Partner Distributor must be in good standing and not in violation of any of the terms of the Agreement in order to be eligible to sell, transfer or assign a Kyäni business.
5. Upon complete execution of the purchase and sale agreement, and the new Independent Business Partner Distributor Agreement, the parties must submit copies of the same to Xxxxx's Business Partner Distributor Services Department for review and approval. Xxxxx reserves the right to request additional documentation that may be necessary to analyze the transaction between the buyer and seller. Xxxxx's Business Partner Distributor Services Department will, in its discretion, approve or deny the sale, transfer or assignment within 30 days after the receipt of all necessary documents from the parties.
6. If the new owner(s) will be a corporation, trust, partnership, or any other type of business entity then the Certificate of Incorporation, Partnership Agreement or trust documents, and the Internal Revenue ServiceSS4 Document are required to be sent to Kyäni before any changes will be considered or approved.
7. Changes of Ownership cannot be used to circumvent rules governing Changes of Genealogy.
Appears in 1 contract
Samples: Policies and Procedures
Sale, Transfer or Assignment of Kyäni Business. Although a Kyäni Kyӓni business is a privately owned, independently operated business, the sale, transfer or assignment of a Kyäni Kyӓni business is subject to certain limitations. If a Business Partner wishes to sell/transfer his or her Kyäni Kyӓni business, the following criteria must be met:
1. Protection of the existing line of sponsorship must always be maintained so that the Kyäni business continues to be operated in that line of sponsorship.
2. There will be an Administrative Fee of $250 A$312.50 for all transactions.
3. Before the sale, transfer or assignment can be finalized and approved by Xxxxx, any debt obligations the selling Business Partner has with Xxxxx must be satisfied.
4. The selling Business Partner must be in good standing and not in violation of any of the terms of the Agreement in order to be eligible to sell, transfer or assign a Kyäni business.
5. Upon complete execution of the purchase and sale agreement, and the new Independent Business Partner Agreement, the parties must submit copies of the same to Xxxxx's Business Partner Services Department for review and approval. Xxxxx Kyäni reserves the right to request additional documentation that may be necessary to analyze the transaction between the buyer and seller. Xxxxx's Business Partner Services Department will, in its discretion, approve or deny the sale, transfer or assignment within 30 days after the receipt of all necessary documents from the parties.transaction
6. If the new owner(s) will be a corporation, trust, partnership, or any other type of business entity then the Certificate of Incorporation, Partnership Agreement or trust documents, and any appropriate government documents proving the Internal Revenue ServiceSS4 Document existence of the business are required to be sent to Kyäni before any changes will be considered or approved.
7. Changes of Ownership cannot be used to circumvent rules governing Changes of Genealogy.
Appears in 1 contract
Samples: Policies and Procedures
Sale, Transfer or Assignment of Kyäni Business. Although a Kyäni Kyӓni business is a privately owned, independently operated business, the sale, transfer or assignment of a Kyäni Kyӓni business is subject to certain limitations. If a Business Partner wishes to sell/transfer his or her Kyäni Kyӓni business, the following criteria must be met:
1. Protection of the existing line of sponsorship must always be maintained so that the Kyäni business continues to be operated in that line of sponsorship.
2. There will be an Administrative Fee of $250 NZ$337.50 for all transactions.
3. Before the sale, transfer or assignment can be finalized and approved by Xxxxx, any debt obligations the selling Business Partner has with Xxxxx must be satisfied.
4. The selling Business Partner must be in good standing and not in violation of any of the terms of the Agreement in order to be eligible to sell, transfer or assign a Kyäni business.
5. Upon complete execution of the purchase and sale agreement, and the new Independent Business Partner Agreement, the parties must submit copies of the same to Xxxxx's Business Partner Services Department for review and approval. Xxxxx reserves the right to request additional documentation that may be necessary to analyze the transaction between the buyer and seller. Xxxxx's Business Partner Services Department will, in its discretion, approve or deny the sale, transfer or assignment within 30 days after the receipt of all necessary documents from the parties.
6. If the new owner(s) will be a corporation, trust, partnership, or any other type of business entity then the Certificate of Incorporation, Partnership Agreement or trust documents, and the Internal Revenue ServiceSS4 Document are required to be sent to Kyäni before any changes will be considered or approved.,
7. Changes of Ownership cannot be used to circumvent rules governing Changes of Genealogy.
Appears in 1 contract
Samples: Policies and Procedures
Sale, Transfer or Assignment of Kyäni Business. Although a Kyäni business is a privately owned, independently operated business, the sale, transfer or assignment of a Kyäni business is subject to certain limitations. If a Business Partner Distributor wishes to sell/transfer his or her Kyäni business, the following criteria must be met:
1. Protection of the existing line of sponsorship must always be maintained so that the Kyäni business continues to be operated in that line of sponsorship.
2. There will be an Administrative Fee of $250 for all transactions.
3. Before the sale, transfer or assignment can be finalized and approved by Xxxxx, any debt obligations the selling Business Partner Distributor has with Xxxxx must be satisfied.
4. The selling Business Partner Distributor must be in good standing and not in violation of any of the terms of the Agreement in order to be eligible to sell, transfer or assign a Kyäni business.
5. Upon complete execution of the purchase and sale agreement, and the new Independent Business Partner Distributor Agreement, the parties must submit copies of the same to Xxxxx's Business Partner Distributor Services Department for review and approval. Xxxxx reserves the right to request additional documentation that may be necessary to analyze the transaction between the buyer and seller. Xxxxx's Business Partner Distributor Services Department will, in its discretion, approve or deny the sale, transfer or assignment within 30 thirty (30) days after the receipt of all necessary documents from the parties.
6. If the new owner(s) will be a corporation, trust, partnership, or any other type of business entity then the Certificate of Incorporation, Partnership Agreement or trust documents, and the Internal Revenue ServiceSS4 Document are required to be sent to Kyäni before any changes will be considered or approved.
7. Changes of Ownership cannot be used to circumvent rules governing Changes of Genealogy.
Appears in 1 contract
Samples: Policies and Procedures